Opening a bank account is as simple as gathering the necessary documents and information and applying online or in person. It’s also ubiquitous: More than 98% of American households have one.

U.S. bank account minimums typically range from $0 to $100. Remember that many traditional banks will charge a monthly fee, requiring customers to maintain higher minimums to avoid fees.

A local chiropractor says he's missing 82 checks from insurance companies; a detective learns the checks were deposited into a personal bank account belonging to a former employee.

Other charges could be cheaper. For instance, businesses pay $17 for outgoing domestic wire transfers sent online with Citi. For its standard personal account, those are $25 apiece.

To open a business bank account, you’ll need your personal contact information, your business name, Employer Identification Number (EIN) or Social Security number (SSN), business formation ...